OCC Allows National Banks and Federal Savings Associations Affected by Flooding Along the Red River to Close

WASHINGTON — The Office of the Comptroller of the Currency today issued a proclamation allowing national banks and federal savings associations to close offices affected by the flooding along the Red River at their discretion.

In issuing the proclamation, Senior Deputy Comptroller for Midsize and Community Bank Supervision Jennifer Kelly said she expects that only those bank offices directly affected by the flooding will close. Those offices should make every effort to reopen as quickly as possible to address the banking needs of their customers, she added.